FORT LAUDERDALE, Fla., Nov. 17, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) is pleased to announce the successful expansion of its bitcoin mining operations. Just two weeks after placing an order for 10 units of S19j Pro (100 TH/S) we were able to secure the purchase of 15 additional machines, thereby, increasing the number of units purchased to 25 total. This new equipment is scheduled for December delivery and is expected to be installed in January 2022. The cost to host the units is estimated at $185 per unit per month. Once the new equipment is installed and operational, the Company is expected to generate the following:
Yearly Revenue*: $487,756
Yearly Expenses for machines*: $82,536
Yearly operational profit*: $405,220
Due to extremely high demand, we are planning to dedicate some of the equipment and space we have acquired to subleasing to 3rd party clients. This business model will provide supplemental revenue in addition to mining BTC for ourselves.
It is important to mention that the company is committed to environmental sustainability and a clean energy approach. The co-location we have engaged generates its power from a nuclear power plant, thereby allowing the Company's equipment to be powered by a zero-emission clean energy source. This business decision is in-line with our values and represents a mindful step on our journey to be a net-zero climate impact mining operation.
About The Graystone Company, Inc.
Graystone Company operates two divisions: (1) Bitcoin Mining; and (2) sale and hosting of Bitcoin mining equipment. The Graystone Company, Inc. (OTC: GYST) is headquartered in Fort Lauderdale, FL., and can be contacted at www.thegraystonecompany.com or by phone at (954) 271-2704.
*Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as equipment pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs. You can view update information on Bitcoin Mining by visiting https://novablock.com/calculator.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
For more information:
Phone: (954) 271-2704
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SOURCE Graystone Company, Inc.